Loker Law

How Can the Electronic Funds Transfer Act Protect Me?

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A person in a business casual shirt sits at a wooden desk with a laptop open, holding a credit card, seemingly ready to make an online transfer or conduct a financial transaction.

An unauthorized bank transfer and other unauthorized bank transactions can have severe financial effects on a person, and if your bank has refused to provide you with a credit and reimburse you for your losses, you may need to turn to a legal professional. Read this blog and reach out to our firm today to discuss the specifics of your case and how our legal team can best help you. You will not be disappointed with a California unauthorized bank transfers lawyer on your side.

What steps should I take once I notice an unauthorized bank transfer in California?

It is important to acknowledge that the moment you discover an unauthorized bank transfer, or any other unauthorized bank transaction (for instance, being charged twice for the same purchase or having your online account hacked), it is in your best interest to reach out to your bank to notify them of the issue. In most cases, when you do this, the bank will reimburse you for any funds lost as a result of the unauthorized activity. If you believe that your account is at risk of further hacking or fraudulent activity, you may want to freeze your account for a specific amount of time.

If you have questions or concerns about this or you have noticed an unauthorized bank transfer, our firm can help you. All you have to do is give us a call to speak with an Arroyo Grande consumer lawyer.

What is the Electronic Funds Transfer Act?

If you report fraudulent activity to the appropriate financial establishment, such as your bank, which is governed by the Electronic Funds Transfer Act, and your bank fails to supply you with the compensation to which you are entitled after facing financial defeat, you should think about speaking with a California unauthorized bank transfers lawyer as soon as you are able. If we can demonstrate that the financial institution in question has violated the Electronic Funds Transfer Act, our legal team may be able to pursue statutory damages and actual damages on your behalf. You should also recognize that, if we win your claim, attorney’s fees will also be covered. If you are in this unfortunate situation, reach out to our firm today to discuss the details of your case and the best solution for you. Our legal team is on your side no matter what you are facing. Give us a call today.

Contact a California Consumer Lawyer

If you are facing any sort of consumer-related issue, such as one involving identity theft, a credit report dispute, or you need a debt collection defense attorney to fight for you, our firm is ready to help. Contact Loker Law, APC today to schedule your initial consultation with our experienced legal team.

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